Shewan tapped to chair Fonterra Shareholders’ Fund board

Shewan tapped to chair Fonterra Shareholders’ Fund
board

Oct. 17 (BusinessDesk) - Former
PricewaterhouseCoopers chairman John Shewin has been tapped
as independent chairman of the Fonterra Shareholders’ Fund
board as the world’s biggest dairy exporter targets a
November launch for the units tied to its shares.

Shewin
will lead a board of five, made up of professional director
Pip Dunphy, former Waste Management NZ chief executive Kim
Ellis, former Commonwealth Bank of Australia CEO Ralph
Norris and corporate farmer Jim van der Poel.

Norris and
van der Poel are Fonterra’s appointees to the board though
it also named the three independents including Shewin. In
future, the independents will be elected by unit
holders.

The five are directors of FSF Fund Management Co,
the manager of the Fonterra Shareholders’ Fund.

The Wellington-based BusinessDesk team led by former Bloomberg Asian top editor Jonathan Underhill and Qantas Award-winning journalist and commentator Pattrick Smellie provides a daily news feed for a serious business audience.

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